Sea Platforms

Saab reports strong 2017 figures

16 February 2018

Saab has reported higher sales across all business units and a double digit rise in order bookings in 2017 on the back of what it described as “strong” interest in its products.

The Swedish defence and security group reported sales of SEK31.4 billion (USD3.95 billion) for the year; 10% up on 2016.

Order bookings jumped 41% to SEK30.8 billion, although the total backlog remained broadly static at SEK106.8 billion.

Significant orders during the year included two contracts relating to Airborne Early Warning and Control systems for undisclosed clients, valued collectively at SEK3.35 billion.

The group also secured an order from its domestic client for a new anti-ship missile system (SEK3.2 billion); an ongoing contract for support and maintenance of Gripen multi-role combat aircraft (SEK1.9 billion); plus an order valued at SEK1.2 billion for the modification and upgrade of the Royal Swedish Navy’s Gavle-class corvettes.

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